Daburlong
DABUR trading in very Strong Resistance Zone ! Dabur is currently trading and very strong resistance area that it faced over the past year,
had to wait and see if it breaks above that resistance area and thus giving us the opportunity to trade long in dabur.
Else if follows the same pattern as doing for the past year stock might retraces back thus giving us opportunity to go short.
for trading ideas one can wait for the breakout of the black trendline for entering long and enter short below red trendline.
Dabur is showing strengthThe analysis is given on the chart
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I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏